The paper "Organizational Structure and Effectiveness - JB Hi-Fi Company" is a great example of a business assignment. JB Hi-Fi Limited is a company that is based in Australia. It usually engages in the selling of the home consumer electronic products which include televisions, video cameras, mobile phones, home theatres, digital still and other electrical accessories like kitchen equipment, computing equipment, the air conditioners, small electrical appliances like the car sound systems; both visual and audio and other things like the movies and games. It continues to stock an exclusive specialist range of Hi-Fi products.
JB Hi-Fi has its subsidiaries that include JB Hi-Fi (A) Pty Ltd, JB Hi-Fi Group Pty Ltd, Rocket Replacements Pty Ltd and JB Hi-Fi NZ Limited. JB Hi-Fi was established in 1974 by a simple philosopher Mr. John Barbuto (JB) who was trading from a single store in Victoria a place called East Keilor. He was delivering a variety of Hi-Fi equipment as well as recorded music at the lowest prices in Australia. In 1983, the business was sold and later in 1999, nine stores were opened.
With the aim of taking the business to be a successful model all over the nation, private equity bankers and senior management purchased the business in July 2000. JB Hi-Fi was floated in October 2003 on the Australian Stock Exchange. JB Hi-Fi is the largest retailer as well as fastest-growing home entertainment Retailer Company in Australia. The Queensland Clive Anthony’ s stores were bought by JB in July 2004. The Queensland Clive Anthony was selling the consumer goods like cooking appliances, consumer electronics and air conditioning equipment before it was bought. It has been revealed that the executive or the CEO of a Melbourne based JB who led to the company’ s success in the year 2009 Richard Uechtritz will retire from the position in August after being in the position for 10 years.
He will be succeeded by Terry Smart who joined the company in the year 2000 together with Uechtritz. Uechtritz led the company towards making a half-year net profit of $76 million in Australian currency which is approximately $66 million from $59 million Australian equivalents of $51 million in the corresponding period.